(CNS): Working with the Bear Stearns structured credit funds brought local legal experts at Appleby’s to international promise and got them an award at this year’s Hedge Fund Journal annual US Awards last month held at the Solomon R. Guggenheim museum in New York.
Appleby won the “The Leading Fund Disputes Team” and Jeremy Walton Partner and Leader of the Global Fund Disputes Team, accepted the award on behalf of the firm.
“It is indeed a great honor to be recognised and commended for our work in the funds arena. This award is evidence of the dedication and success of our Fund Disputes Team,” said
According to the Hedge Fund Journal the team was given the award for the work they have done on a lot of leading cases.
“Jeremy Walton and his team have been involved in numerous leading disputes in the Cayman Courts. It was Appleby’s involvement, as lawyers to the investors in the now infamous Bear Stearns structured credit funds that really brought the Team to international prominence. The Team is a truly global team – from Cayman to Hong Kong. Trading losses, illiquidity, mis-valuation and mis-management are giving rise to more fund related disputes. As a consequence, Appleby’s team of specialist lawyers is well-placed to take advantage of this increased volume of work.”
Appleby was the first offshore law firm to launch a dedicated Fund Disputes Team back in June 2007 and since then the firm says it has been involved in most of the leading litigation, insolvency and restructuring cases. The team has significant experience in representing the full range of parties involved in fund-related matters: including liquidators, directors, investment managers, auditors, shareholders and creditors.
The Hedge Fund Journal is regarded as one of the premier funds publications providing hedge fund managers, service providers, banks and fund lawyers with up to date news and analysis from all the major jurisdictions.
